Displaying 37 results
Wirehouse defections far from done, says Verdence Capital CEO
'When was the last time you saw an article that said an RIA is going to a wirehouse?' asks Verdence founder Leo Kelly.
Advisors prefer independent business models, Fidelity finds
Firm launches Independence Hub to help educate those advisors making the transition to independence.
Concurrent restructures to recruit advisors from across wealth management
Since becoming a hybrid RIA, Concurrent has added five new firms that combine for $440 million and it's ramping up to co-brand advisors from every possible direction.
Dynasty Financial, in first-ever acquisition, picks up TruClarity’s breakaway business
Dynasty currently has 35 job openings, and CEO Shirl Penney said TruClarity's people, including CEO Pamela Stross, were a big part of its appeal.
Morgan Stanley rep goes RIA with $5 billion book of business
Jim Martin left $4 billion worth of client assets behind when he formed Nordwand Capital, but he says it was all part of the plan.
Morgan Stanley trio managing $700 million goes indie
Los Angeles-based PBC Private Wealth will use LPL’s strategic wealth services, a unit that supports breakaways.
Team managing $1.3 billion at Wells Fargo goes indie with LPL
The six-adviser group led by Larry Boggs is forming Boggs & Co. Wealth Management in Cumberland, Maryland.
Fee-only RIA firms are growing at a healthy clip
The total number of advisory firms with a fee-only model has risen 20% since 2019, according to an analysis of the latest data from the SEC.
Advisers, shoot for $100 million in AUM before going indie
Financial advisers who manage any amount of client assets are free to open an RIA, but those with $100 million have a leg up, said speakers at the InvestmentNews RIA Summit, a virtual conference with close to 700 attendees.
Well-run advisory firms come in all sizes
Advisers thinking of making a move should evaluate firms on what they're doing and what they've done, not on how big or small they are.
PE firm takes stake in Signet Financial
Merchant Investment Management will own a minority share of the $850 million New Jersey-based registered investment adviser.
Cresset hires $500 million Goldman adviser
Hanley Sayers will join the registered investment advisory firm in Houston, expanding Cresset's footprint to Texas.
Team managing $1.35 billion at Merrill Lynch moves to Stifel
The practice in Dallas includes four advisers and three support staff.
3 myths preventing advisers from going from wirehouse to independence
Wirehouse advisers who want freedom and more control over the business they’ve built are no longer hampered by some of the historical challenges that once came with taking the leap.
UBS team managing $245 million goes indie with LPL
Brendan Biruk and Dan Rattigan form Washington Crossing Financial Group in Washington Crossing, Pennsylvania.
Rockefeller adds three teams managing $1.7 billion
Former Morgan Stanley, Merrill Lynch advisers join Rockefeller in Boca Raton, Florida, and Chicago
Morgan Stanley rep managing $138 million bolts to Commonwealth
Dale Kramer opens an indie shop, Kramer Wealth Strategies, in upstate New York
Billion-dollar Morgan Stanley team goes indie with Raymond James
Foursome creates Campbell Johnson McGiboney Wealth Advisors in Franklin, Tennessee
Breaking away from a brokerage during a pandemic is hard … but rewarding
Those RIAs that made the move this year say that the effort has been worth it
Team managing $1.8 billion at UBS goes to Venture Visionary Partners
The addition of 12 professionals and AUM almost doubles the size of the Toledo, Ohio, RIA
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